ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following steps of the market research process typically takes over half of the time in completing the research?
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problem definition
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situation analysis
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data collection
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problem solving
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alternative development
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Explanation:
Detailed explanation-1: -Identify your problem. Identifying the problem will be the foundation of your entire marketing research process. Create a research plan. Create a research plan before carrying out your research process. Craft research instruments. Analyze data and create report. 04-Oct-2022
Detailed explanation-2: -5 Steps on the Marketing Research Process. Step 1 – Locating and Defining Issues or Problems. Step 2 – Designing the Market Research Project. Step 3 – Collecting Data. Step 4 – Interpreting Research Data. Step 5 – Report Research Findings. 05-Mar-2021
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